New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Real estate / Thematic (Sector/Industry)

<ul><li>April was a tough month for listed property vehicles (LPVs) as sticky inflation once again sent interest rates higher.</li><li>The NZ 10 year swap rate is currently c.4.5%, but is in the middle of its 100 bp trading range for the past 18-months.</li><li>The yield curve continues to suggest short-term rates will decline, but  longer term rates (the more important for NZ listed property valuations) continue to be anchored at 4% to 5%. </li></ul>

April was a tough month for listed property vehicles (LPVs) as sticky inflation once again sent interest rates higher.The NZ 10 year swap rate is currently c.4.5%, but is in the middle of its 100 bp trading range for the past 18-months.The yield curve continues to suggest short-term rates will decline, but  longer term rates (the more important for NZ listed property valuations) continue to be anchored at 4% to 5%. 

Real Estate Reflections - Taxing Times